Prospective Landlord Viewing Your CURRENT Home! YES! It's Happening More and More

By
Real Estate Broker/Owner with Gibson Management Group, Ltd.

DIY landlords who may only have a few rental properties have often asked to inspect their NEW rental prospects' current home.  This LAST step in the process has been around for decades.

Many are making an appointment to come and view their prospects' current homes and this advance notice negates the idea that they need to see how the prospects keep their homes and live their lives "normally".


As a professional property manager, I know that laundry piles up, dishes stay in the sink and litter boxes can overflow.  I want the property cleaned when property is shown to prospective new renters and I want the property SPOTLESS when my residents depart.

I deliver their new lease packets to approved prospects at their current home for their review and signatures.  THAT is when I view the yard, drive and surrounding areas. 

As for inspecting their prior residence BEFORE I agree to rent to them, I think this is over-kill and shows that the DIY landlord is unsure of their renting process.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Virginia Fluvanna County Lake Monticello
Groups:
CHARLOTTESVILLE REAL ESTATE
Investing in Real Estate
Landlord Issues
Property Management
VIRGINIA
Tags:
landlordwhisperer
property management
charlottesville
homes for lease
homes for rent
rental property leasing

Spam prevention
Show All Comments
Rainmaker
598,942
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Wallace - WOW!!!  Thx for the heads-up about this practice.  I actually had never heard of a landlord doing this.  While I understand the logic and purpose of it, like you, I think accepting a rental agreement contingent on seeing how they live first is a bit intrusive.  I like your process of seeing their home, once you've already made your decision as kind of a final thought.  Now, I have to ask, have you ever retracted an acceptance after seeing their home?

Dec 07, 2011 03:39 PM #1
Ambassador
916,833
John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com, Albuquerque Homes Realty

Hi Wallace -

My hat is off to you for taking a stand and having such awesome guidelines!  I owned a few rentals and it didn't work for me.  Renters....UGH.  So I shall stick to be a Realtor®.

Best regards from the Q

Dec 07, 2011 05:15 PM #2
Rainmaker
409,903
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Wallace, 

We don't go visit folks homes, but it's an option to keep in the bag.  With credit scores averaging 782, we really have phenominal tenants.

All the best, Michelle

Dec 07, 2011 08:46 PM #3
Rainmaker
169,931
Debbie Holmes
Gold Key Real Estate - Boise, ID
Gets the job done!

I must admit to driving by the last tenants home.   I didn't go in but I drove by to see that they kept it up.  I had just gotten very badly burned.  I do have a fellow landlord that inspects the tenants current home but her track record is no better then mine.  I actually do fairly well.  It does seem the more desparate I am the more problems I have with the tenants I pick.....Thank you for the great post.

Dec 07, 2011 11:09 PM #4
Rainmaker
229,723
Dee Mayers
Covina, CA
San Gabriel Valley, CA

Would the landlord understand that the pile of boxes in the entryway or the hallway or the kitchen is due to lack of space and not because they are hoarders, hence the move?  Over-kill is right!

Dec 08, 2011 03:00 AM #5
Rainmaker
1,088,106
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

When I show occupied rental properties, I try to get it rented before the final 30 days of the current tenants' lease BECAUSE they are in the process of moving.

Dec 08, 2011 05:32 AM #6
Rainmaker
598,942
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Wallace - LOL at John's comment!  For a long while, hubby and I were landlords and had some rentals.  Yes, over the years, we had some unfortunate experiences and one even ended up in court but for the most part, our tenants were good people.  Heck, we even ended up selling two of our rentals to the tenants.  They were such great tenants and I loved helping them buy their first homes.  :)

On another note though, we never asked to see their previous homes in order to approve their rental apps.  NOR WOULD I!!!

Dec 08, 2011 11:51 AM #7
Show All Comments
Rainmaker
1,088,106

Wallace S. Gibson, CPM

LandlordWhisperer
Ask me a question
*
*
*
Spam prevention

Additional Information